Global market leader

With a history going back almost four centuries, Vopak is the world’s largest provider of conditioned storage facilities for bulk liquids. Whether it’s liquid or gaseous chemicals, oil products, petrochemicals, biofuels or vegetable oils, we offer complete storage and transshipment solutions at 80 terminals in 32 countries, covering and connecting the world’s major shipping lanes. Vopak offers more storage capacity than any other independent tank terminal operator in the world.

Vopak distinguishes itself by offering service solutions that addresses a single, but crucial part of the supply chain and then taking it one step further. When you choose to work with Vopak, our operational and safety standards apply to every country and continent where we operate. That means, we offer uniform quality wherever you take your shipments, conditioning your products, keeping them safe, and keeping them secure - from ship to shore and from shore to inland transportation.

Vopak’s experts in our offices and in the field listen to your needs and provide solutions to suit your specific liquids business. Our history and track record in bulk liquids storage, and health, safety and environmental care is unequaled in the sector. Our core competency is your peace of mind.

Sustainability

Sustainable entrepreneurship is the basis for long-term relationships with customers, strategic partners, employees, governments, neighbours and shareholders and is therefore an integral part of the company’s processes and operations. In our decisions, we do not only consider economic aspects but also longer-term safety, health, environmental and social aspects. Vopak therefore, consistently applies and enforces strict Safety, Health, Environment & Quality (SHEQ) standards, rules, codes and procedures. Our policy is designed to prevent activities from causing damage and nuisance. Vopak wants to offer its employees a highly attractive, international working environment with excellent opportunities for development.

Vopak operates in nine countries in Asia: Singapore, Malaysia, Thailand, Korea, China, Japan, Pakistan, Vietnam and Indonesia. Activities in Australia are also part of the Asia division. The rendering of services encompass of tank storage of oil products, gases and chemicals, supplemented by logistic services (aimed at the stored products). Besides Rotterdam/Antwerp, Houston, Fujairah and Singapore is one of Vopak’s key hub locations, where various functions are combined, ranging from import and export to regional distribution activities. The terminal network in Asia, with a total capacity of 6.25 million cbm, also includes a number of industrial terminals, in these terminals, Vopak undertakes logistic tasks for our customers at nearby chemical complexes, in Singapore, Malaysia, Thailand, China and Pakistan. These services often go hand-in-hand with long-term contracts. Based on the company’s extensive experience in this field, Vopak is a reliable partner for our customers, with numbers constantly expanding throughout the region.

Performance of Asia in 2008
As regional demand for storage services rapidly increases, Vopak remains the leader in Singapore’s independent storage market.

Key Figures In € millions.
	2008	2007
Income from rendering of services	166.3	136.8
EBITDA	121.9	103.6
Operating profit (EBIT)	95.5	78.8
Average gross capital employed	811.7	658.7
Average capital employed	550.9	439.7
ROCE	16.5%	17.9%
Storage Capacity	5,818,800	4,817,900
Occupancy Rate *	94%	97%

*Our occupancy rate of 94% is somewhat lower than last year due to the many new storage tanks and extra maintenance. Our increase in storage capacity to serve our customers remains the main reason for the continous growth in our operating profit. We will continue to support governments and our customers in developing state-of-the-art storage infrastructrure to support regional growth.

There is also a project organization to develop LNG terminals and functional support departments in key areas. The units of the worldwide organization work closely together and actively exchange know-how and best practices, enabling Vopak to respond timely and effectively to changing customer needs and market developments. We aim to continuously improve and expand our terminal network, particularly in strategically located international ports close to our customers’ production centers and markets.

Vopak workforce at year-end comprises of 3,564 employees in group companies and more then 1,100 employees in joint venture companies.